Way dred...she was livin large...

[slick]

she made demands for US$5 million because governmet froze all the money she had in Clico (since management cannot benefit from government bailout)

Duprey made the deal with GORTT/CBTT with plenty of top management in CLF not knowing.

it good for dem!

[Smokey]

neilsingh100, wait? u think $45,000US is not a unusual salary in the upper echelons of the corporate world?


Her salary is a bit higher than average, but there a number of persons within companies like BP, BHP, Petrotrin, WASA, TSTT (way too many there making over 100k a month), RBTT (i know the CEO personally) etc.

Executives in Trini make on average i'd say between 60k to 150k plus whatever bonus is in their package, and most of the times that bonus is never less than 50% of their annual salary....

[Zeriam]

allyuh excuse zeriam, he aint know bout that kinda money.

correct. i dont like USD currency a bunch of slave owners pictures fack that give me the queens money

[teems1]

maybe when Clico was making huge profits her salary would have been justified, but after being bailed out cuz she ran the company to the ground, she could haul her tail...

[Zeriam]

allyuh excuse zeriam, he aint know bout that kinda money.

correct. i dont like USD currency a bunch of slave owners pictures fack that give me the queens money

tell de queen give yuh some to geh some primer fuh ole rusty

she vex she gave up trinidad

[equipped2ripp]

whilst i may say she is a greedy indian as well... you don't know if her annual bonus was paid as either cash or shares in clico.

[A172]

allyuh excuse zeriam, he aint know bout that kinda money.

correct. i dont like USD currency a bunch of slave owners pictures fack that give me the queens money

tell de queen give yuh some to geh some primer fuh ole rusty

[Zeriam]

ah wounder if richie could bring back meh car??


the 1 all the way in the back...rich gimme a quote nah bai

[Damien]

i still say she's a Greedy Indian.....

Banzai, i think someone hijacked your account. You should look into this because they are making senseless post that is so unlike you.... and given your upstanding rep as a fair and unbiased moderator, little minded and fickle 2ners like Damien may jump on the senseless band wagon, like many so often do, and post even more stupidity

you can thank me for the heads up later

Buh i is ah greedy indian to

[neilsingh100]

Executives in Trini make on average i'd say between 60k to 150k plus whatever bonus is in their package, and most of the times that bonus is never less than 50% of their annual salary....

This is still no where close to US$45,000 salary per month plus annual US$2million bonus

[nes123]

i wonder if she has any daughters =]

why buy milk when ya could milk de cow yaself??

MILF ftw yess

[drunkenscorpion]

I glad for she!....if I were in a position to ask for that salary and hammer out a definite annual bonus, I would be smiling and wouldnt give a rats arse to what any of you all have to say!........and each and every one of you would do the same.! She was the corporate secretary, but also the CEO of the company, and for that, I think she was worth the salary.

The car, laptop and cell phone is legally not hers, so she has to return it, but if she has a contract with them, by all means, fight for it. If however,she gets priority for payment.......then I would have a problem

[Gladiator]

greedy indian....

Its called ambition my friend. Also the main reason why the indian population in Trinidad is more successful and generally better off compared to the rest. Only the negroids with the party cards and ghost gangs etc could accumulate any significant amount of money.

[brams112]

talk about money the ceo of royal bank of canada gets 1.4 million us per year,plus2.4 million bonus,plus close to 700 thousand in compensation,per year not talking payment for meetings and other compensation,this is just part of the salaries thes highly placed men and women recieve,reason for this high salaries been paid is they are the ones who MAKES THE MONEY as the stated in their management proxy circular as of february 26th 2009,,,,,,,,

[eurogirl]

greedy indian....

Its called ambition my friend. Also the main reason why the indian population in Trinidad is more successful and generally better off compared to the rest. Only the negroids with the party cards and ghost gangs etc could accumulate any significant amount of money.

Then do explain why affluent indians fight down each other?

Your indian neighbour saw you buy a new car, rennovating, went away on a trip etc etc but they vex and want to know where you got money from

Tell us why that is necessary?

Coz dey shupid .. ppl crave wat other ppl have all de time ..

[brams112]

it is called envy

[Riley2008]

^also it is in there nature to be like that, and will rather throw stones to destroy what other ppl have...

[ingalook]

Envy is not unique to the indian race... as the usual "he selling drugs" comment illustrates

[Olive]

wow. real dough there boy

[Monk BANzai]

i like it when my oneliners does incite discussion....."greedy indian".....

[swift gti funatic]

i like it when my oneliners does incite discussion....."greedy indian".....

yuh playin with some matches and camphor there bai!

[Conrad]

MUHAHAHAAA

GITA PAID HERSELF $30m
Former CL director tells of strange commissions, huge bonuses

By by Joel Julien joel.julien@trinidadexpress.com
Story Created: Sep 20, 2011 at 11:49 PM ECT
Story Updated: Sep 20, 2011 at 11:49 PM ECT
STRANGE commissions, exorbitant bonuses and significant weaknesses in internal controls were the order of the day at CL Financial, former group financial director, Michael Carballo, said yesterday.
Carballo made the statement as he gave evidence for the second day at the Commission of Enquiry into the collapse of CL Financial and the Hindu Credit Union (HCU) at the Winsure Building, Richmond Street, Port of Spain, yesterday.
"There were some weaknesses in internal controls, significant weaknesses in internal controls at CL Financial," Carballo said .
"There were significant problems in terms of what we call proper segregation of duties, whereby the payee and the person approving the payment voucher under proper standards are supposed to be separate so you are supposed to have a segregation of duties so you do not have one paying themselves and this was highlighted when CL Financial had what it called a corporate oversight team," he said.
"People were preparing vouchers and paying themselves, it is hard to control situations like this whereby we have Gita Sakal controlling all banking arrangements and paying herself," Carballo said.
Sakal was the corporate secretary of CL Financial.
Carballo said a debit of US$5 million was made from CL Financial's US dollar account at Royal Bank to pay Sakal's consultancy firm, Corporate Consultants Ltd.
Sakal signed both the invoice and the bank instructions to have the funds debited, Carballo said.
CL chairman Lawrence Duprey was unaware of the US$5 million (TT$32.5m) payment to Sakal and ordered that the money be "immediately returned", Carballo said.
Sakal was paid a US$35,000 monthly salary and was entitled to a US$ 2 million annual bonus, Carballo said.
Carballo said his immediate predecessor, Andre Monteil, also sought a US$2 million consultancy fee and $194 million in commissions to help CL Financial out of its financial troubles.
CL Financial's board of directors was "outraged" that Monteil would seek such "exorbitant fee on the heels of the CL Financial seeking liquidity", Carballo said.
Carballo also told the Commission of "strange" commissions being paid during the investment in real estate projects in Florida.
Carballo said a broker named Charles Pratt told him that he was paid US$85 million on the US$300 Green Island Project.
Carballo also questioned the project management of some of the real estate projects in Florida.
"It was only after I moved to CL Financial I realised how these projects were managed, it was via an entity called DYL," Carballo said.
Carballo said DYL is an acronym for the surnames of Lawrence Duprey, John Yanopoulos and Geoffrey Leid.
"And again I wonder what is Geoffrey Leid's involvement in this especially at a time when Geoffrey Leid is a director and company secretary of an insurance company called CLICO," Carballo said.
"To my knowledge you cannot be a director and company secretary at CLICO and sneak in behind the scenes and generate significant fees on projects whereby the exact funding is coming from the same organisation that you are a director of. DYL is being funded by CLICO," he said.
Carballo is scheduled to take the witness stand today where he will be cross-examined by attorney Terrence Bharath who is representing the CLICO Policyholders Group.


http://www.trinidadexpress.com/news/GIT ... 48158.html

[killersuzuki]

I don't find this even remotely funny ... Tell me why is someone making over 10K tt a month paying 25% income tax and someone making facking 240000TT a month paying at the same rate???

That's just facked up!

AGREED!!!!

[VexXx Dogg]

bobolism nah done.
LOCK UP FROM AH SIDE.

[TRAE]

all ah dem is to blame- fire them and tarnish their names and hire new people

[Scoobert Bauce]

I don't find this even remotely funny ... Tell me why is someone making over 10K tt a month paying 25% income tax and someone making facking 240000TT a month paying at the same rate???

That's just facked up!

cuz they stayed in school

[Scoobert Bauce]

But nah bwoy real men gettin make out lol Is really to lock up from a side

[still tippin']

Duprey was making $5 million a month and in 2007 he make $90 million for the year. Carballo bussing all the files.

[~Vēġó~]

will any of them ever see any jail time??? hell fkn no!!!!!!!!!!!!!!! calder hart and Johnny O syndrome....

[slick]

T&T just sad...need to jail these mofos